The Moscow Exchange is a good base for crypto trading, Russian lawmaker says
— Great traditions, Protect, European union sanctions, National settlement depository, Aksakov ’, Russians, Local trading, Russia ’, Foreign crypto firms, Highly engaged — 1 min read
Anatoly Aksakov, head of the Russian Banking Association and a financial committee within the State Duma, says the Moscow Exchange is the best match for hosting a regulated crypto exchange in Russia. The Bank of Russia has been strongly opposed to opening a local regulated crypto trading platform. Russia's largest stock exchange, MOEX, has been targeted as part of international sanctions against Russia in 2022 and had to suspend all operations for one month. Russia has not yet legalized a local crypto trading exchange but has encouraged local investors to invest in digital asset-related products like Bitcoin and other cryptocurrencies. The local government has not legalized a single local trading platform in recent years. Russia’s governor Elvira Nabiullina said last month that crypto trading is too volatile Source